I have one BTC. I have a minivan. I've been thinking of selling my house paying off bills and living in my van for two years and taking the money to buy two more BTC. Has anyone done this?
I mean, it’s not an awful idea with the housing crash imminent. But when is the question.
At worse you lose two years of your life, and your house
alexlovesbitcoin on
Interesting, but where would you work?
Remote? I’m like half trying to do what you’re thinking about. We could chat if you’d like
Character-Resist-961 on
I don’t think that selling your house and living in your van is a good idea. Find other ways to make money and DCA.
LiquidityCompass on
Selling your house to go all in on one volatile asset is not investing anymore, it’s concentration risk.
A lot of people become rich from BTC. A lot of people also destroy their lives because they underestimate how brutal volatility and long bear markets can be.
slacknoise8 on
I sold my minivan and bought a lot of beer
Comprehensive-Eye500 on
You can’t live in a bitcoin man. Living in a minivan isn’t cool either.
You have a whole coin, and you are on your way to owning a home!
DCA and chill.
Nobody knows shit about fuck and while bitcoin might always go up in the very long term, you could lose 50% of your value and be waiting _years_ for that shit to recover.
utinfection on
Rent you house out
Romanizer on
Why wouldn’t you just take out a home equity loan and another one with your BTC as collateral? Should allow you to buy more.
MikeWalt on
Better to rent out rooms in your house and DCA every month. Way better than living in a van. Don’t trade life for money.
UncleDmerr on
Matt Foley did this. From what I’ve gathered, it did not work out.
12 Comments
Do it . It’ll be worth it
Dont do that.
I mean, it’s not an awful idea with the housing crash imminent. But when is the question.
At worse you lose two years of your life, and your house
Interesting, but where would you work?
Remote? I’m like half trying to do what you’re thinking about. We could chat if you’d like
I don’t think that selling your house and living in your van is a good idea. Find other ways to make money and DCA.
Selling your house to go all in on one volatile asset is not investing anymore, it’s concentration risk.
A lot of people become rich from BTC. A lot of people also destroy their lives because they underestimate how brutal volatility and long bear markets can be.
I sold my minivan and bought a lot of beer
You can’t live in a bitcoin man. Living in a minivan isn’t cool either.
You have a whole coin, and you are on your way to owning a home!
DCA and chill.
Nobody knows shit about fuck and while bitcoin might always go up in the very long term, you could lose 50% of your value and be waiting _years_ for that shit to recover.
Rent you house out
Why wouldn’t you just take out a home equity loan and another one with your BTC as collateral? Should allow you to buy more.
Better to rent out rooms in your house and DCA every month. Way better than living in a van. Don’t trade life for money.
Matt Foley did this. From what I’ve gathered, it did not work out.